Strs Ohio raised its position in MYR Group Inc (NASDAQ:MYRG) by 95.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,900 shares of the utilities provider’s stock after buying an additional 5,326 shares during the quarter. Strs Ohio’s holdings in MYR Group were worth $307,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. increased its stake in MYR Group by 5.7% in the 3rd quarter. BlackRock Inc. now owns 2,523,177 shares of the utilities provider’s stock valued at $82,356,000 after buying an additional 135,338 shares during the period. Victory Capital Management Inc. increased its stake in MYR Group by 11.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,432,876 shares of the utilities provider’s stock valued at $46,769,000 after buying an additional 144,858 shares during the period. Dimensional Fund Advisors LP increased its stake in MYR Group by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,392,012 shares of the utilities provider’s stock valued at $45,435,000 after buying an additional 11,851 shares during the period. Macquarie Group Ltd. increased its stake in MYR Group by 14.0% in the 3rd quarter. Macquarie Group Ltd. now owns 1,276,522 shares of the utilities provider’s stock valued at $41,666,000 after buying an additional 156,681 shares during the period. Finally, Vanguard Group Inc increased its stake in MYR Group by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 962,629 shares of the utilities provider’s stock valued at $31,420,000 after buying an additional 16,875 shares during the period. 91.18% of the stock is currently owned by institutional investors.
Get MYR Group alerts:NASDAQ:MYRG opened at $33.66 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.69 and a current ratio of 1.69. MYR Group Inc has a fifty-two week low of $26.24 and a fifty-two week high of $40.81. The firm has a market cap of $555.09 million, a PE ratio of 41.56 and a beta of 0.54.
A number of equities analysts have recently weighed in on the stock. BidaskClub raised shares of MYR Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Macquarie raised shares of MYR Group to a “buy” rating in a research note on Thursday, December 6th. Citigroup cut shares of MYR Group to a “sell” rating in a research note on Monday, November 5th. Zacks Investment Research raised shares of MYR Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th. Finally, Nomura raised shares of MYR Group to a “buy” rating in a research note on Tuesday, December 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. MYR Group presently has an average rating of “Hold” and a consensus target price of $40.00.
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MYR Group Profile
MYR Group Inc, through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility and the renewable energy industries.
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